Heavy Volume In Intel Corporation (INTC) Options As Shares Rally To Highest Since August

Iron Mountain Incorporated (NYSE:IRM) – Shares in information protection and storage services provider, Iron Mountain Incorporated (NYSE:IRM), are moving lower today, down as much as 3.5% to $34.57 during the first half of the session. Options changing hands on Iron Mountain, however, look for the price of the underlying to rebound in the near term. The most actively traded contracts on Iron Mountain Incorporated (NYSE:IRM) today are the Jun $37.5 strike calls, with upwards of 8,000 lots in play versus open interest of 653 contracts. The bulk of the volume printed in two sizable blocks, it looks like one block of 3,550 calls was purchased for a premium of $0.35 each within the first 10 minutes of the session this morning, while a second trade of 3,325 calls was purchased at a premium of $0.40 each just after 11:00 a.m. ET. The upside calls look for shares in Iron Mountain Incorporated (NYSE:IRM) to rebound in the near term, and start making money if shares in the name rally more than 8.0% over current levels by expiration in a couple of weeks.

Caitlin Duffy
Equity Options Analyst

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